News

Ukraine. Exports of oilseeds through Odesa ports amount to about 75%-80%

Published May 24, 2024

Tridge summary

The article highlights the significant challenges faced by Ukraine's oilseed exports, a crucial segment of its oil industry that has seen a 10%-15% drop in efficiency since the invasion, now operating at 75%-80% of previous capacity. This decline is primarily due to the blockade of Odesa ports, leading to increased logistics costs and a shift in transportation routes. Despite these setbacks, Ukraine remains a dominant global supplier of oil, accounting for 95% of its oil production. The country exports the majority of its oil to Europe, with significant shipments to India, China, and African nations. In 2023, Ukraine's grain and oilseed production reached approximately 82 million tons, with grains making up over 60 million tons and oilseeds about 22 million tons.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Exports of oilseeds through the ports of Odesa are now about 75%-80%, while before the full-scale invasion this figure was about 90%. This was stated by Stepan Kapshuk, CEO of the Ukroliyaprom Association. “As soon as the ports of Odesa were opened, this percentage reached 75%-80%, and before the war it was 90%,” Kapshuk said. He noted that at the beginning of the full-scale invasion, when the ports were blocked, it was a real collapse for the industry, as Ukrzaliznytsia took over about 35% of such transportation, and road transport about 20%. At the same time, logistics costs increased by about three to four times, as it cost about 353 euros to deliver 1 ton of oil to Europe. Mr. Kapshuk reminded that 95% of the oil produced in Ukraine is exported to more than 100 countries, and Ukraine is the world’s leading supplier of oil. Ukraine exports most of its oil to Europe, and a little less to India, China, and African countries. As ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.